D

David Energy

DER optimization software for energy management

Overview

Company Does Not Provide H1B Sponsorship

David Energy provides a software platform that manages and optimizes distributed energy resources like solar panels, battery storage, and smart thermostats for commercial buildings. The platform works by connecting these devices to electricity markets, using real-time data to automate energy buying and participation in demand response programs. Unlike traditional energy providers, this system integrates supply contracts with direct device control to lower costs and ensure regulatory compliance without requiring upfront payments. The company's goal is to help building owners reduce their carbon footprint and save money through transparent, data-driven energy management.

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About David Energy

Simplify's Rating
Why David Energy is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsConsultingEnergyEnterprise Software

Company Size

51-200

Company Stage

Early VC

Total Funding

$64.1M

Headquarters

New York City, New York

Founded

2018

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Simplify's Take

What believers are saying

  • On August 10, 2026, Wonder partnered with David Energy across 21 NYC locations.
  • Latitude Media reported in June 2026 that David Energy is preparing to go much bigger.
  • Enode integration expands device control, strengthening switching costs and demand-response monetization.

What critics are saying

  • Con Edison program changes kill CSRP and DLRP revenue by 2027.
  • Zero-capex battery ownership ties David Energy to hardware failures, fires, and warranty losses.
  • Residential retail-energy margins stay thin; an NY regulatory shift threatens the company’s core model.

What makes David Energy unique

  • David Energy bundles retail electricity, software, and owned batteries into one contract.
  • Its free plug-in battery model bypasses utility interconnection queues for customers.
  • The platform directly controls thermostats, EVs, and batteries through Enode integration.

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Funding

Total Funding

$64.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Unlimited Paid Time Off
  • 401(k) Retirement Plan
  • Company Equity

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Associated Press
Aug 10th, 2026
David Energy installs free plug-in batteries at 21 Wonder NYC locations to cut energy costs

David Energy has partnered with Wonder to install free plug-in batteries at 21 Wonder locations across New York City. The 120-volt batteries charge when electricity is cheap and discharge during expensive periods, saving Wonder thousands of dollars annually per location compared to utility costs. Wonder operates 140 locations across the Northeast using all-electric kitchens. The batteries required minimal installation effort and operational changes whilst reducing peak demand on the grid. The companies are now collaborating on back-of-house designs for new 2027 Wonder locations in New York City to optimise battery placement. David Energy is the only energy supplier offering businesses free batteries to guarantee lower monthly power bills compared to traditional utilities.

PR Newswire
Sep 23rd, 2024
David Energy Raises $23 Million to Run the Grid 24/7/365 on Clean Energy

/PRNewswire/ -- David Energy, a trailblazing gridtech company, announced today that it has secured $23 million in funding to transform the retail energy market...

FinSMEs
Sep 23rd, 2024
David Energy Raises $23M in Funding

David Energy, a NYC-based gridtech company, raised $23M in funding.

U.S. Securities and Exchange Commission
May 31st, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Enode
Oct 12th, 2023
David Energy partners with Enode to build the clean energy grid of the future

Enode is partnering with David Energy - a software-powered electricity supplier that's committed to providing clean, affordable energy.

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